White House moves to curb policing of corporate misbehavior

The White House is taking action to rein in enforcement activity by government agencies, calling for more input by political appointees and advising against opening more than one probe into the same company.

When it comes to investigations and actions against companies for regulatory violations, any ambiguity in the law should be read “in favor of the targeted party,” according to a memo issued last week by Paul Ray, who heads the White House’s regulatory review office.

The move comes in…

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